People lineup outside a Dior store in Istanbul.
2024-08-22 616词 中等
The figures are astonishing. According to a report from UBS, a bank, average wealth (financial and property assets minus debts) per Turkish adult increased by 158% in terms of the lira, Turkey’s currency, between 2022 and 2023—the highest rise by far of any country. Turkey’s inflation rate, which stood at 61.8% annually in July, is far outpacing the devaluation of the lira, which fell by 19% against the dollar in the same period. One result is that property prices are soaring even in dollar terms, as Turks scramble to invest their savings in assets that they hope will hold their value. Those who have had access to credit have often been able to get wealthier by taking out a loan at deeply negative real rates.
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